by confoundedinterest17 According to the National Association of Realtors, US pending home sales erupted at 25.2 year-over-year growth rate. As the Federal Reserve continues it money printing madness +24.2% year-over-year growth.
by confoundedinterest17 Well, the data for pending home sales is for February (the dead of winter). But US pending home sales MoM fell -10.60% and -2.70% on a YoY basis. As
by WARREN MOSLER Decelerating faster than previously reported: Weakness in imports may be confirming weak US consumer demand: Highlights January’s trade deficit came in at a much lower-than-expected $51.1 billion
by WARREN MOSLER Can’t be making Tariff Man happy: Highlights The effects of cross-border trade actions have been difficult to pinpoint in the national economic data but outlines may be
by WARREN MOSLER Apple says China sales fell 27% last quarter (Nikkei) Apple’s net sales in greater China, including the mainland, Hong Kong and Taiwan, fell 27% on the year
Look at this chart: ratio of “present situation” to “expectations” from the Conference Board confidence report. Cut-and-dry sign of a tapped-out consumer. A great leading indicator at turning points because
by GoldCore – Case for a pending financial collapse is well grounded warns Rickards – “Ticking time bomb” the Federal Reserve has created is set to go off… – Economist
by WARREN MOSLER Bad: Highlights Existing home sales have been leveling but the signal from pending home sales points to a new downturn. The pending home sales index for November fell
by WARREN MOSLER No drama here: More housing weakness news: Highlights This has not been a good run for housing data. Pending home sales fell a very steep 2.6 percent
by WARREN MOSLER Looks like without the build in private inventories GDP was about 2% lower at about 1.4%, and health care added .77% where health care premiums paid count
by Michael Snyder In late 2018, the bad economic news just keeps rolling in. At a time when consumer confidence is absolutely soaring, the underlying economic numbers are clearly telling
by WARREN MOSLER Need more tariffs… Highlights Amid the unfolding of tariff effects, exports are moving in the wrong direction and look to be a big negative for third-quarter GDP.
by WARREN MOSLER Flattened out at modest levels of growth with no sign that the tax cuts have led to an acceleration: Pending home sales fall for seventh straight month
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not good. What’s causing the drop-off in pending home sales in the US, and in particular in the West? Surging home prices that have
by DCG The good judge (appointed by Bill Clinton) claims that Cody Wilson’s First Amendment rights are “currently abridged, but it has not been abrogated.” Wow, just wow. From Fox News: A judge in Seattle extended
by WARREN MOSLER Highlights Disruption tied to a fire at an auto supplier not only pulled down the previously released manufacturing component of the industrial production report but it also helped pull down